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Stalintex Trade has opened a warehouse complex in the city of Rostov-on-Don. The main task of the new warehouse is the development of sales in the Southern Federal District. The total area of the complex is 9 thousand square meters. Covered warehouses comprise 1800 square meters. The warehouse has road and railroad connection, as well…
DetailsIn 2 years Severstal will spend more than 1 billion rubles to modernize the Cherepovets Iron and Steel Works automobile fleet. According to Severstal Russian Steel CEO Yevgeniy Vinogradov, in 2019, 64 units of automobiles were purchased. This year it is planned to buy 27 units. Special machines will provide for the operation of new…
DetailsIn 2019 average wages in metal industry grew by 14% YoY, to 14,242 UAH. According to the State Statistics Service, in December 2019 salary increased by 5.8% MoM, after falling by 2.9% in November 2019. The salary growth began in spring 2019, when Metinvest and ArcelorMittal Kriviy Rih started increasing wages. Since February 2019 average…
DetailsThe Supreme Court has refuted the cassation of the Yuzhniy Mining and Processing Works and supported the decision of the Commercial Court of Dniepropetrovsk region and the Central Commercial Court of Appeals to recover 1.3 billion UAH from the company in favor of Spirit Finance LLC. In September 2017 the UGOK shareholders decided to pay…
DetailsA new shop to produce ultra-thin electrolytic copper foil will be created in Kyshtym. Russian Copper Company will invest some 3 billion rubles in the project. The thickness of the foil will be 9 to 105 micron, and the annual capacity is expected at 1200 tons. The manufacture will start in the first half of…
DetailsIn 2019 Sverdlovsk Railroad transported 314 thousand TEU containers, up by 21.3% YoY. In particular, transportation of ferrous metals grew the most – by 24.5%, to 13.9 thousand containers. The railroad also transported 198 thousand containers with non-ferrous metals, up by 1.9%, 6.4 thousand containers with refractory materials, up by 8.5%, and 5.9 thousand containers…
DetailsKrasniy Octyabr Iron and Steel Works has finished the second stage of the Metso Lindemann Eto Cut 1240-10 shearing press repair. The repair lasted for a month and a half. The specialists have completely replaced the lining of the chamber. The first stage of the repair was carried out in June 2019. (Ukrainian metal)
DetailsIn 2019, 1168.4 thousand tons of hot-rolled steel were produced at the thick-sheet Mill 5000 of the Magnitogorsk Iron and Steel Works (MMK). This is the highest annual production rate since the unit was launched. The previous record was set at the mill in 2010, when it produced 1160.5 thousand tons of rolled products. MMK’s…
DetailsKyrgyzstan exported 14 tons of gold to China last year, representatives of the State Customs Service announced at a meeting of the parliamentary committee on fuel, energy complex and subsoil use. According to them, 71% of gold ore mined in the country is transported to China. “In 2018, at least 19,300 tons of ore were…
DetailsIn 2019 Azerbaijan produced 763.5 million manats worth of metal, down by 20% YoY. According to the State Statistics Committee, manufacture of metal wares grew by 82.4%, to 214.604 million manats. Last year Azerbaijan produced 326.4 thousand tons of steel, down by 14.5%, 300.6 thousand tons of rebars, down by 2.8%, 49.2 thousand tons of…
DetailsA-Property, a company of co-founder of the Russian telecom operator Yota Albert Avdolyan, has asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga coalfield from Gazprombank and metals and mining group Mechel. The request says that the combined value of A-Property’s assets exceeds 7 billion rubles, while the value of…
DetailsIn November 2019 Russia imported 9.9 thousand tons of copper scrap and waste, up by 56% MoM and 4-fold YoY. Deliveries from Germany grew by 52%, to 2.4 thousand tons, and from Kyrgyzstan – by 45%, to 902 tons. In 11 months of 2019 imports totaled 48.2 thousand tons, up by 91% YoY. In monetary…
DetailsBeloretsk Iron and Steel Works has concluded a contract for the delivery of 12 new drawing benches under the project to modernize its wire-rope manufacture. The total cost of the purchase exceeds 580 million rubles. Mario Friegrio S.p.A., Italy will supply the machinery to produce spring, rebar, rope and welded wire. The machinery will be…
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